Short Interest in Zapata Computing Holdings Inc. (NASDAQ:ZPTA) Rises By 81.9%

Zapata Computing Holdings Inc. (NASDAQ:ZPTA) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,060,000 shares, an increase of 81.9% from the September 30th total of 582,700 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily trading volume, of 15,910,000 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Zapata Computing

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sandia Investment Management LP purchased a new stake in shares of Zapata Computing in the 2nd quarter worth about $205,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Zapata Computing in the 2nd quarter worth about $31,000. Finally, Cowen AND Company LLC acquired a new position in Zapata Computing in the 2nd quarter valued at about $30,000. 51.22% of the stock is currently owned by hedge funds and other institutional investors.

Zapata Computing Stock Performance

Zapata Computing stock opened at $0.08 on Friday. The business has a 50 day simple moving average of $0.34 and a 200-day simple moving average of $0.74. Zapata Computing has a 12 month low of $0.06 and a 12 month high of $18.50.

Zapata Computing (NASDAQ:ZPTA) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.48) earnings per share for the quarter. The company had revenue of $2.00 million for the quarter. As a group, research analysts anticipate that Zapata Computing will post -1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

ZPTA has been the subject of a number of recent research reports. Benchmark reiterated a “speculative buy” rating and issued a $1.50 target price on shares of Zapata Computing in a report on Tuesday, August 13th. Cantor Fitzgerald initiated coverage on Zapata Computing in a report on Tuesday, August 13th. They issued an “overweight” rating and a $1.75 target price for the company.

About Zapata Computing

Zapata Computing Holdings Inc operates as an industrial generative artificial intelligence (AI) software company in the United States. The company offers subscription-based solutions that combine software and services to develop generative AI applications, as well as accompanying services to solve complex industrial problems.